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Tag Archives: Housing Permits

Leading Economic Indicators Lose Momentum in January

The Conference Board reported a 0.2 percent month-over-month increase in its Leading Economic Index (LEI), putting the measure at 121.1. The index, which measures early growth signs as a gauge of future economic developments, had increased 0.4 percent in December and 0.3 percent in November.

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Housing Starts, Permits Fall in January

Homebuilders broke ground on new homes at a seasonally adjusted annual rate of 1.07 million in January, the Commerce Department said Wednesday. January's rate of new construction was 2.0 percent below December's revised estimate of 1.09 million units annually but 18.7 percent above the year-ago pace of 897,000 units.

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Homebuilders Finish Best Year for Housing Starts Since 2007

Builders broke ground on new residences at a seasonally adjusted annual rate of 1.09 million in December, an increase of 4.4 percent month-over-month and 5.3 percent year-over-year, the Commerce Department reported Wednesday. For the entire year, the government estimates homebuilders started on 1.01 million new units, making 2014 the first year since 2007 that starts topped the 1 million mark.

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Leading Economic Indicators Continue to Improve

The Conference Board's Leading Economic Index (LEI) increased 0.6 percent in November to 105.5, the group reported. The increase matched October's improvement and was slightly weaker than September's 0.8 percent growth.

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U.S. Housing Starts Dip in November

According to a report released Tuesday from the Commerce Department, homebuilders began construction on new houses in November at a seasonally adjusted annual rate of 1.03 million, down 1.6 percent month-over-month and 7 percent year-over-year. Despite the retreat in housing starts, there were a few pieces of good news in Tuesday's report.

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Leading Economic Indicators Beat October Forecast

The Conference Board's Leading Economic Index (LEI), a measure of economic growth expectations for the coming months, increased 0.9 percent in October to a reading of 105.2, the group reported Thursday. The spike follows a 0.7 percent increase in September and a flat reading in August.

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Housing Starts Fall in October as Permits Hit Six-Year High

According to a report released by the Commerce Department, groundbreaking on new housing projects was at a seasonally adjusted annual rate of 1.01 million last month, a drop of 2.8 percent from September's upwardly revised estimate of 1.04 million. Meanwhile, permit issuance for new housing units was at a rate of 1.08 million, a six-year high for that figure.

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Leading Indicators Point to Moderate Economic Expansion Ahead

The Conference Board's Leading Economic Index, a measure of economic developments as an indicator of future trends, increased 0.8 percent last month to 104.4 following a downwardly revised August reading that showed no change. Nine of the index's ten components contributed to the latest increase.

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Housing Starts Rise After August Stall

According to a joint release from the Commerce Department and HUD, homebuilders broke ground on new projects at a seasonally adjusted annual rate of 1.02 million last month, 6.3 percent above August's revised estimate of 957,000 (just barely up from the government's initial estimate).

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Housing Starts Down 14.4% in August

According to the government's figures, privately owned housing starts last month were at a seasonally adjusted annual rate of 956,000, marking a 14.4 percent month-over-month drop. July's rate of new homebuilding was revised up to 1.12 million. While apartment construction has led single-family homebuilding in most of this year's previous gains, the opposite was true in August's report: Multifamily starts (five units or more) plunged 31.5 percent in August to an adjusted annual rate of 304,000, while single-family starts were down a more modest 2.4 percent to 643,000.

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